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Q1341

Receipts and payments Account is a summary of:

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Q1342

In what order, the following assets are shown in the balance sheet of a company?
i. Trade receivables
ii. Cash
iii. Furniture and fittings
iv. Investment in shares and debentures

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Q1343

In the context of dissolution of a firm, which of the following statements is true:

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Q1344

Under Royalty Accounts, if there is strike for a certain period then:

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Q1345

Sale proceeds of grass in case of a sport club is:

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Q1346

"Higher the ratio, the more favourable it is".
This statement does not apply with respect to

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Q1347

The Gross Working Capital means

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Q1348

Cash discount allowed to a debtor should be credited to

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Q1349

Insurance expenses paid to bring an equipment from the place of purchase to the place of installation is a type of

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Q1350

In case of Installment Payment System, which one of the following statements is not true?

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Q1351

Which one of the following errors will affect the Trial Balance:

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Q1352

Environmental accounting concept is applied on

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Q1353

A, B and C are three equal partners. D is admitted for

\frac{1}{4}^{th}

share. What is the sacrificing ratio?

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Q1354

Preparation of consolidated Balance Sheet of Holding Company and its subsidiary company is done as per

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Q1355

Which one of the following ratios is the indicator of the long term solvency of a firm?

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Q1356

A Ltd issued a prospectus inviting applications for 2,000 shares. Applications were received for 3,000 shares and pro-rata allotment was made on the applications of 2,400 shares. If A has been allotted 40 shares, how many shares he must have applied for?

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Q1357

Which one of the following will not affect the working capital?

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Q1358

The maximum number of partners in a firm has been specified by

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Q1359

If a firm considers advance received from its clients as its income, then it violates which of the following concepts?

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Q1360

Capital is considered as a business liability according to following concept of

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